- Pattern formed – double bottom
- Major resistance – 132.45 (23.6% retracement of 143.23 and 129.06).
- The pair has recovered sharply after declining till 130.43 on Friday. GBP/JPY jumped till 131.95 and once again declined from that level. It is currently trading around 130.80.
- GBP/JPY upside is capped by 23.6% retracement of 143.23 and 129.06 at 132.45. The pair is trading well below daily Tenkan-Sen (131.55)/134.23 (Kijun-Sen). Any break above 131.55 (Tenkan-Sen) will confirm minor bullishness, a jump till 132.45(23.6% retracement of 143.23 and 129.06) is possible.
- GBP/JPY’s support is around 130.40 and any violation below 130.40 will drag the pair down till 129.60/129.06.in the short term.
It is good to sell on rallies around 131.50 with SL around 132.45 for the TP of 129.10


FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro- Major Crypto levels and bias summary
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 



